The Round Table: A work by the squares of the SNDK thread. Message Board

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Strategies & Market Trends : The Round Table: A work by the squares of the SNDK thread.

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To: Jason Rooks who wrote (23)	3/1/1999 2:10:00 PM
From: Artslaw	of 194

Looking at the data, you would say that the shorts are covering for the last four months, which would partially explain some of the stock price appreciation {or it is because of the appreciation}. Since the volume is also increasing, the ratio (# days to cover all shorts) is decreasing even faster (as the numerator {shares short} increases and the denominator {volume} increases). A technician would call this bad, as it implies that there are not as many shorts left to cover, since they are guaranteed buyers eventually. This logic best applies to low-float, low-volume stocks; a group SNDK is not quite a member of (but not all that far off, either). That's my 2¢ anyway, Steve

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